EXEC: Academy Sports Gains Q3 Boost from Elevated Nike and Jordan Allocations
EXEC: Sportsman’s Warehouse CEO Outlines Solid Q3 Category Gains; Lowers Guide on Weaker Consumer
EXEC: SGB Black Friday Wrap Up Notes Overall Sales Boost From Robust Online Gains
EXEC: The BasicNet Group Adds Woolrich to Brand Family in €40 Million Acquisition
EXEC: Merrell and Saucony Can Only Watch as Parent’s Stock Falls on Soft Outlook
SGB Update
Johnson Outdoors Sees 28 Percent Sales Gain in Fiscal Q4, Flat Growth for Year
Johnson Outdoors, Inc. reported sales grew 28.2 percent in its fiscal fourth quarter ended October 3 with robust increases in its Fishing and Diving segments offsetting double-digit declines in its Camping & Watercraft Recreation segment. Sales were flat for the full fiscal year. Losses shrank in both periods due to improving gross margin and expense reductions.
Costco’s Fiscal Q1 Profits Climb 11 Percent
Costco Wholesale Corporation reported net profits grew 11.3 percent in its fiscal first quarter ended November 23, topping Wall Street targets. Sales increased 8.2 percent, to $65.98 billion.
Kent Outdoors Secures New $90 Million Credit Facility
Kent Outdoors, parent of outdoor bands Bote, HO/Hyperlite, Connelly, O’Brien, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac, and Arbor Snowboards, announced a $90 million asset-based revolving credit facility from PNC Business Credit.
Leatherman Tool Group Promotes Kris Hamper to President and CEO
A Leatherman veteran of over a decade, Hamper has served as chief operating officer and chief financial officer since 2012. In partnership with Ben Rivera, he has guided the company through transformative growth.
Otis Technology Appoints New CEO
The manufacturer of gun cleaning systems and accessories promoted Brad McIntyre to chief executive officer, effective January 1, 2026. He will succeed Bill Kleftis, who has served as CEO since 2022.
SGB Executive
EXEC: AlixPartners Sees Frugality Reigning in 2026
AlixPartners’ annual consumer outlook, study, based on a survey of over 13,000 consumers across nine countries, forecasts a sharp, accelerating pullback in global spending intentions in 2026, with the retrenchment highlighted by high-income consumers and China.
EXEC: Academy Sports Gains Q3 Boost from Elevated Nike and Jordan Allocations
Academy Sports and Outdoors, Inc.’s earnings in the third quarter came in slightly ahead of analyst targets as improved allocations of Nike and Jordan products helped the nationwide retailer reach a greater number of high-income earners, offsetting continued pressure on lower-income customers.
EXEC: Sportsman’s Warehouse CEO Outlines Solid Q3 Category Gains; Lowers Guide on Weaker Consumer
Given the pressure of consumer headwinds experienced in November, the company has increased its promotional efforts to maintain inventory efficiency while driving sales, which is putting pressures on margins. For the full fiscal year 2025, SPWH is adjusting its net sales range to be flat to up slightly.
EXEC: SGB Black Friday Wrap Up Notes Overall Sales Boost From Robust Online Gains
Reports from Adobe, Mastercard SpendingPulse, RetailNext, Sensormatic, and Shopify found that Black Friday sales aligned with, or exceeded, expectations, as strength in online sales offset continued softness in in-store traffic on the major U.S. holiday shopping day.
EXEC: Dick’s Chairman Ed Stack Looks to Clean Out the “Garage of Underperforming Assets” at Foot Locker
Dick’s Sporting Goods Inc. on Thursday announced it will absorb pretax charges between $500 million and $750 million in future quarters to clear unproductive inventories and close an as-yet-undetermined number of stores at its recently-acquired Foot Locker business. On an analyst call, Ed Stack, Dick’s executive chairman, said, ”Our first priority is clear. We need to clean out the garage of underperforming assets.”
